I am the successor trustee for my deceased mother's grantor real estate trust. I am also the sole beneficiary. I know that after she passed, the trust became irrevocable. The house in the trust is rented. I have read all the instructions for 1041 and K-1. I do not understand the "relationship" between the 1041 and the required to-be-attached Schedule E (1040) and the K-1 concerning the deductions/expenses. The expenses that the trust had for 2023 include real estate taxes, attorney fees, home-owners insurance, and depreciation. Where do these deductions go (1041 or Schedule E)? I read the changes in the IRS code (section 67(e) and I am even more confused. If anyone can shed some light on this it would be very much appreciated.
